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Nice price poker - 200. my average was 220 but I've traded it along the way too - made quite a bit shorting it down and now glad to see it on way back up.
Warthog4,
Hi man..at this stage I guess everyone now has to make their own conclusions about what the SFO will or will not do....it sure could go different ways....you pays your money and makes your choice...
We don't actually know "for sure" what the SFO knows or doesn't know about the internal goings on in relation to Lufkin and the company itself...... what the SFO has said publicly and what it knows privately can be two different things...
We just don't know..... and yes..it certainly has dragged on and on and on
Personally I think if "bribes" went on "within" a company as a result of some "poor" procedures (without the BOD being involved) and the SFO investigated then I think the SFO would do the fine.....just as they have at Wood Group ..as there, they had some similar-ish stuff with "payments " for "services" to 3rd party Unioil like companies
These things are all a world unto themselves with all this legal behind the scenes stuff.....
I am not trying to say this WILL HAPPEN or that WILL HAPPEN ...I just give my gut instinct..and that "suggests" to get it all tied up and over ..then a fine of some sort looks more likely than not ....to me...but I dont know of course
but..as i have suggested before..I think with these things..they start with a LARGE figure and then knock chunks off as the recommendations are put in place and adhered to....and I think that is the case here ..new BOD..new PFC
I have to think that like WOOD there were "probably" invoices to 3rd Parties for "services" but the SFO cannot prove anything definite beyond that..and so havent charged anyone high up..and havent found that anyone high up did anything for "personal gain" ..they just suspect for the company gain.. ...and as I have said many times..I think the whole thing started from the CORRUPT OFFICIALS at the OTHER end ..but the SFO cannot make that allegation ..so they stick to blaming the small guy who takes the punch to the stomach ..the OFFICALS demanded an "unofficial service payment"...
Each to their own..we will HOPEFULLY find out soon enough
Darren
I have some BAB from when they recently dropped under 200p..but didn't buy heavily....
As i said before on here. This is not a share for the faint hearted. The rises & the falls can be sharp & rapid. A retrace was always likely here given yesterday's top of the stocks performance. Is really nothing to worry about if you are planning a mid/long term hold. Just keep patient. Well done Daren btw. Good call. I daresay you won't keep that position open for too long though LOL!
kittykitty I think it's been consolidating and being held for some chunky buying.
i think it'll take off soon and I also see markets begin to switch to gold to ward off inflation risk which at some point will become an issue.
i have long been saying a big crash is coming and it's certainly taking its time but it has to come at some time so I've been quietly hoarding gold and silver sharss and now it's just a waiting game....
poker - BAB was massively oversold on the rumour that there would be a huge placing which today they have dispelled.
i have a very big (for me) holding there and looking for 400 in the short term.
antharry - £12k up and counting now.
probably targeting 116 if I can get it and that would be a £25k profit in a short space of time.
you've got to listen to your gut on these things and not to people. on these boards nay-saying.
Pokerchips.
What might P. be fined for? After nearly 4 years of digging desperately for some dirt the SFO has yet to come up with even a hint of any form of action against the company and its present employees.
IF however they are found wanting in terms of lack of proper internal controls to prevent irregular disbursement of funds then this would be come a matter for the FCA surely, who in turn would levy some form of fine but surely not at the level of SFO fines?
CEY looks interesting with all the directors buys lately but it’s been hovering along a while now so what makes you think a golden pop is on as they still m/c 1b+
Well if Babc*ock can drop an impairment of £1.7 billion and the market shrugs it off ..then any fine for PFC may well be taken as water off a ducks back... nowadays we seem to talk about billions and trillions as if they are just loose change :-)
hope you guys had a look yesterday.
CEY the same.